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Nomura launches US algo trading strategies

16 October 2009  |  1587 views  |  0 Source: Nomura

Nomura announced today that Nomura Securities International (NSI) a U.S. broker-dealer within Nomura has released a set of algorithmic trading strategies for external client use in U.S. equity markets as part of the global ModelEx(TM) family of strategies.

The new strategies will complement Nomura's market-leading European and Asian algorithmic trading suites, which have an established track record of competitive execution performance. ModelEx(TM) strategies are built upon Nomura's powerful trading analytics, and employ results from years of research in topics such as risk analysis, transaction cost modeling and alpha signals.

"We have been building out the Equity division in the Americas during 2009 by hiring teams of proven professionals that will add value to our clients on a global basis. The launch of the Algorithmic trading strategies represents another positive step for our firm," stated Ciaran O'Kelly, Managing Director and Head of Equities, Americas.

Initially, Nomura will offer the following eight core strategies: VWAP, TWAP, WithVolume, IS, Target Close, On Close, Target Open and On Open.

Additional strategies are under development and testing. Clients can access the strategies through a growing list of third party order management systems.

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